Planning Wealth Savings People have a myth that these kinds of investments are intended for old age but they should realize that there are benefits from buying these policies early on. Buying an insurance policy can offer you various benefits like capital gains over a longer period, tax deduction and protection. Apart from that it will generate a habit of saving and construct financial discipline ensuring harmony in long run. The plans that you take up could either be based on traditional or unit-linked insurance policy platform. The market today has thousands wealth with protection solutions as mentioned below: Whole life plan enables you to meet your financial goals and provide financial security over an entire lifetime. Single premium plans guarantees return on maturity that is tax-free and the financial security of a life cover. Various plans give customers an option of the single premium amount they want to invest. Endowment policy is an insurance policy is a life insurance contract designed to pay a lump sum after a specified term or on death. Some policies also pay out in case of critical illness. Besides creating wealth in the long run, these solutions also present key benefits like death benefit and survival or maturity benefit. Riders or the special benefits can be availed by the policyholders in addition to the life insurance cover by paying a little additional premium. In some life insurance policies, you can also gain a loan against the life insurance policies.